HOW IT WORKS
Three simple steps.
From application to payout.
Applying for a cash loan with Drumboard is simple. Complete our online application form or visit our office. We’ll review your application, assess your affordability and explain the next steps.
If your application is approved and all requirements are met, your funds will be paid directly into your bank account.
THE THREE-STEP PROCESS
Know what happens next.
Applying for a cash loan with Drumboard is straightforward. First, submit your application online or visit our office. Next, we assess your affordability and review your details. If approved, we’ll explain your loan terms and arrange payment into your bank account.
01 / APPLY
Apply online or in person.
Start by completing our simple online application form. Alternatively, visit our office if you prefer to apply in person. Provide the requested details so our team can review your application and guide you through the next steps.
02 / GET APPROVED
Get an affordability assessment.
Once we receive your application, our team reviews your details and assesses your affordability. This process can take just a few minutes when all the required information is available. We then confirm whether your application is approved and explain the loan terms before you proceed.
02GET APPROVED
03 / GET PAID
Receive your funds.
Once your loan is approved, we’ll explain the final terms and repayment schedule. After you accept the agreement and meet all requirements, we’ll transfer the funds directly into your bank account.
PREPARE FOR YOUR ENQUIRY
A little preparation.
A clearer decision.
Before you apply for a cash loan, take a moment to review your finances. Look at your monthly income, regular expenses and existing debt. Then consider how the loan repayments will fit into your budget. Make sure you understand the interest rate, repayment terms and total amount you will repay.
Keep your personal information safe. Never send identity documents or banking details through an unsecured enquiry form. Instead, follow our team’s instructions for submitting documents securely.
THINGS TO CONSIDER
Repayment options
Choose from available repayment arrangements, including once-off or six-month options, subject to your loan agreement.
Cost of borrowing
Review the stated interest rate and total repayment amount before accepting a loan. Ask our team to explain any costs you don’t understand..
Affordability
We assess your income, expenses and existing commitments before making a lending decision. All loans are subject to affordability assessment and approval.
READY FOR THE NEXT STEP?
Questions first.
Clarity always.
Complete the online form to get started, or explore an illustrative repayment estimate before you apply.
Estimate before you enquire.
The calculator is intended to help you explore illustrative repayments. It is not a quotation or approval.